KBR, Inc. $KBR Holdings Cut by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in KBR, Inc. by 31.4% during the 2nd quarter, now owning 385,336 shares valued at approximately $18.5 million.
• KBR received multiple downgrades from analysts, with UBS lowering its price target from $66.00 to $54.00, reflecting a shift in market sentiment, although the consensus rating remains a "Hold."
• The company announced a quarterly dividend of $0.165 per share, with an annualized yield of 1.4%, showcasing its ongoing commitment to returning value to shareholders.

Fort Washington Investment Advisors Inc. OH reduced its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 31.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 385,336 shares of the construction company's stock after selling 176,119 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.30% of KBR worth $18,473,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Boston Partners grew its stake in KBR by 35.2% in the first quarter. Boston Partners now owns 4,384,527 shares of the construction company's stock valued at $218,648,000 after purchasing an additional 1,142,111 shares in the last quarter. Nomura Holdings Inc. lifted its holdings in shares of KBR by 5,030.1% during the 1st quarter. Nomura Holdings Inc. now owns 907,002 shares of the construction company's stock valued at $45,178,000 after buying an additional 889,322 shares during the last quarter. Invesco Ltd. grew its stake in shares of KBR by 16.1% in the 1st quarter. Invesco Ltd. now owns 4,925,667 shares of the construction company's stock valued at $245,347,000 after buying an additional 683,280 shares in the last quarter. Nuveen LLC bought a new stake in shares of KBR in the 1st quarter valued at approximately $31,454,000. Finally, Dimensional Fund Advisors LP increased its holdings in KBR by 11.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,427,015 shares of the construction company's stock worth $120,891,000 after buying an additional 244,094 shares during the last quarter. 97.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KBR has been the subject of a number of analyst reports. Wall Street Zen cut shares of KBR from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. UBS Group lowered shares of KBR from a "buy" rating to a "neutral" rating and reduced their price objective for the company from $66.00 to $54.00 in a research note on Wednesday, July 2nd. KeyCorp downgraded shares of KBR from an "overweight" rating to a "sector weight" rating in a research report on Monday, June 23rd. Bank of America cut KBR from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $70.00 to $55.00 in a research report on Wednesday, August 13th. Finally, DA Davidson decreased their price target on KBR from $72.00 to $65.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, KBR presently has a consensus rating of "Hold" and a consensus target price of $62.78.

KBR Price Performance

Shares of NYSE:KBR opened at $47.34 on Monday. The firm has a market capitalization of $6.10 billion, a PE ratio of 17.15, a PEG ratio of 0.94 and a beta of 0.73. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.73. KBR, Inc. has a 1-year low of $43.89 and a 1-year high of $72.60. The business's 50 day moving average is $48.98 and its 200-day moving average is $50.25.

KBR (NYSE:KBR - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.88 by $0.03. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $2.10 billion. KBR had a return on equity of 33.65% and a net margin of 4.52%.KBR's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.83 earnings per share. KBR has set its FY 2025 guidance at 3.780-3.88 EPS. Sell-side analysts predict that KBR, Inc. will post 3.26 earnings per share for the current year.

KBR Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Monday, September 15th will be given a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, September 15th. KBR's dividend payout ratio is 23.91%.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.

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